Hot Pursuit     02-Feb-21
Dixon Tech jumps on strong Q3 numbers, stock-split approval
Dixon Technologies (India) rose 4.14% to Rs 15,800 after the company's consolidated net profit jumped by 134.2% to Rs 61.59 crore on a 120% rise in revenue from operations to Rs 2,182.78 crore in Q3 FY21 over Q3 FY20.

EBITDA jumped 89% to Rs 100.64 crore during the period under review. Profit before tax in Q3 December 2020 stood at Rs 81.68 crore, up by 130.3% from Rs 35.46 crore in Q3 December 2019. Current tax outgo was higher by 129.9%, at Rs 20.46 crore in Q3 FY21 over Q3 FY20.

Meanwhile, the company's board approved stock split in the ratio 1:5 (one equity share of Rs 10 to be split into five equity shares of face value Rs 2 each).

The company expects to complete to stock split in two to three months (including the time required for approval of the shareholders).

Dixon Technologies (India) is a design-focused products and solutions company. The firm engages in manufacturing products in the consumer durables, lighting and mobile phones markets in India.

Previous News
  Dixon Technologies (India)
 ( Results - Analysis 17-Aug-24   08:45 )
  Dixon Tech jumps after Q3 PAT climbs 87% YoY to Rs 971 cr
 ( Hot Pursuit - 01-Feb-24   09:20 )
  Dixon Technologies (India) to purchase technology for smart lighting solutions
 ( Corporate News - 19-Sep-22   14:12 )
  Volumes spurt at Dixon Technologies (India) Ltd counter
 ( Hot Pursuit - 27-Jan-23   14:30 )
  Dixon arm enters pact with Xiaomi
 ( Corporate News - 27-Sep-23   17:29 )
  Dixon Technologies (India) declare Quarterly Result
 ( Corporate News - 09-May-24   10:59 )
  Dixon Tech inks deal with Ibahn for advanced lighting technology
 ( Hot Pursuit - 19-Sep-22   14:09 )
  Dixon Technologies forms JV with Rexxam
 ( Corporate News - 13-Jan-22   10:18 )
  Dixon Tech hits all time high; rises 9% in three days
 ( Hot Pursuit - 12-Mar-21   13:20 )
  Dixon Technologies (India) consolidated net profit declines 93.21% in the June 2020 quarter
 ( Results - Announcements 04-Aug-20   14:32 )
  Board of Dixon Technologies (India) recommends final dividend
 ( Corporate News - 01-Jun-22   09:56 )
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